The Good: Walmart Despite the entire retail sector shuddering in the face of the Coronavirus pandemic, Walmart just landed a major upgrade. UBS gave Walmart the nod after Walmart showed its propensity to continue to expand its e-commerce division, including taking up more and more of the market share. Analysts are also optimistic about Walmart’s potential future in both emerging markets like India and the healthcare sector. UBS now bolsters a wide-ranging bull camp for Walmart, even amidst the pandemic. The Bad: GE GE has been on a quest in recent years to turn around its public image, and its value. The once-heralded conglomerate has seen record lows after key sectors have underperformed. In an attempt to turn itself around, GE hired an independent auditor in 2018. However, three years later, GE has decided to switch to a different auditor after a rigorous search and confirmation by the board. Shareholders have been wary of the former auditor, KPMG, since 2018, when a $6 billion accounting charge was announced. This severance is particularly noteworthy because of the history between GE and KPMG, which spans an entire century. The Ugly: PG+E Pacific Gas and Electric is officially going bankrupt. A bankruptcy judge authorized $13.5 billion to be paid out to over 70,000 businesses impacted by the wildfires for which PG+E is at fault. The restructured PG+E will have a larger debt load than when it went into bankruptcy—nearly $40 billion after it agreed to a $25 billion settlement for fire victims. Now that it’s been confirmed by a judge, PG+E can begin marketing $5.25 billion in shares as part of a plan to raise $9 billion through new equity to pay for damages related to the fires. PG+E has also raised $13 billion in the debt markets. Earlier this week, PG+E pled guilty to 84 counts of involuntary manslaughter of California residents killed in the 2018 Camp Fire.